Fact Pattern 12-A2 (Questions A8-A10 Apply)

question 27

Multiple Choice

Fact Pattern 12-A2 (Questions A8-A10 apply)
Cut-Rate Construction Company (CCC) begins building a restaurant for Diners Restaurants,Inc.,but after two months demands an extra $100,000.Diners agrees to pay.
-Refer to Fact Pattern 12-A2.If CCC offers no reason for the extra $100,000,but says only that it will otherwise stop construction,the agreement is

• A)enforceable as an accord and satisfaction.
• B)enforceable because of unforeseen difficulties.
• C)unenforceable as an illusory promise.
• D)unenforceable due to the preexisting duty rule.

Describe the effects of selective attention on perception and cognition.

Comprehend the concepts of controlled vs. automatic processing.

Grasp the neurological underpinnings of attentional processes.

Analyze the factors influencing attention such as arousal, task difficulty, and contextual cues.

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Definitions:

Long-Lived Assets

Assets that are expected to provide economic benefits over a period longer than one year, such as buildings, machinery, and land.

After-Tax Cost

The actual cost of an expense or investment after accounting for the effects of taxes.

Pretax Cost

The expense or cost incurred by a business before the deduction of taxes.

Debt

Money owed by one party to another, under conditions of repayment often including interest.